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Ethereum World News 2023-02-07 13:57:56

Barry Silbert’s DCG Offloads Discounted Grayscale Shares

Summary: DCG has started selling assets held by Grayscale, the Financial Times reported. Recent SEC filings show that most of its holdings sales have come from the company’s Ethereum fund. The group hopes to raise cash to meet more than $3 billion in creditor claims from Gemini and other entities. DCG just reached an agreement with creditors regarding its bankrupt Genesis crypto lending and trading businesses. Barry Silbert’s Digital Currency Group (DCG) initiated trades to sell off discounted holdings controlled

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